In 1993, the NYTimes purchased the Boston Globe for $1,100,000,000. It sold the Boston Globe today for $70,000,000. That is an annualized return of -12.5 percent.
Red Sox owner in deal to purchase Globe
Personal Spending Jumps More than Income in March
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Disposable (after tax) income rose 0.5 percent in March. Real (inflation
adjusted) income rose 0.2 percent. The rise in spending outpaced the rise
in income.
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